Posted on 10/23/2014 9:31:04 PM PDT by Intolerant in NJ
Hate to shill for anything PBS, but apparently a group of libertarian organizations put together this special on the life, times, and thinking of Dr. Walter E, Williams which is making the rounds on PBS and I actually caught tonight in prime time on the Philly outlet. Following Williams from his youth in Philadelphia through his time in the army in the late fifties, the program details his introduction to racial discrimination in the military. He was appalled when he discovered that blacks in the army were given only menial assignments; when his lieutenant ordered him to paint a truck he did - headlights, tires, windshield and all. You know what kind of soldier he made. Leaving the army he headed to California for college thoroughly radicalized - he was a follower of Malcolm X, wore a shaorks tooth necklace to his classes, and was rumored to be an enforcer for the Black Panthers. But studying economics because he believed it was the path to his own betterment, he ran across the likes of Hayek and Friedman, and turned to the right side. He gained national prominence with his studies on the minimum wage which he claimed hurt employment opportunities, especially among minority youth. Today he says that the idea that the minimum wage fights poverty is nonsense - otherwise we could abolish poverty worldwide by recommending to countries like Bangladesh that they all simply raise their own minimum wages. In addition to interviews with Williams, we hear form Shelby Steele, Thomas Sowell, Charles Murray, Daniel P. Moynihan, and others. Entertaining, informative, and inspiring - catch it if you can....
zzzzzzzzz boring Konformity. You have been palling around too much with zombie economists in the University. It takes a Korean born US academic to show some original thinking on trade. Why is this?
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Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
by Ha-Joon Chang
4.08 of 5 stars 4.08 · rating details · 1,423 ratings · 151 reviews
A rising young star in the field of economics attacks the free-trade orthodoxy of The World Is Flat head-on—a crisp, contrarian history of global capitalism.
One economist has called Ha-Joon Chang “the most exciting thinker our profession has turned out in the past fifteen years.” With Bad Samaritans, this provocative scholar bursts into the debate on globalization and econ...more
The takeaway here is mercantilist Chinese and Koreans have high IQs than you.
“Keep on believing!”
And THAT is his FIRST lesson in Economics.
dittos! Blind, naive and trusting free trade doctrines and practices are only for stooopid nations and nations run by elites with no national loyalty, who are only interested in profits, not in the nation’s welfare and unemployment rates. Who could care less if more millions of Americans suck off our welfare systems. The middle class gets taxed for this. Not the ultra-rich
Wow, you are smarter and know better than Walter Williams! And you’re not even recognized and rich and with a great position of knowledge and authority! I’m just amazed.
It does to dennisw. Some people can only make a point by denigrating others.
Dennis, it’s not even that I disagree with your points, it’s that you are an unpleasant, rude jerk. It’s you I don’t like, not your so called knowledge.
Milton Friedman said that the beneficiaries of free trade are many, and they don’t know who they are, while its victims are few and they know who they are. Which are you?
When did I say that everything that somebody might call “free trade” IS free trade?
Name-calling is not economic reasoning.
Why don’t you cut to the chase and just blame the jooooz for the world’s economic troubles. That’s the usual end-point of people who think economic thought is all about finding villains.
Oh. You mean "rootless cosmopolitans"? Jooooz?
I’m Jewish so go back to sleep...........zzzzzzzzzzzz
Yeah I know the Russians-Soviets used phrase rootless cosmopolitans....zzzzzzzzz
Speaking of nationalists like Vlad Putin, we need an economic nationalist here in America who will stop these dumnbass free trade policies. Putin is loyal to Russia and the Russian people. The elites here are traitorous sellouts who rather bond with the European elites and make billions bringing in Chinese goods
You do disagree with my points so make your case....... Plus Water Williams is an idiot. Not a total idiot. He is a good ivory tower capitalist theoretician. He flunks out when it comes to predatory international capitalism and trade.
Pure capitalism is great within America. But not in international trade.
Which are you? Lets see if you have the cojones to state your case
Me---- My father owned a factory and I worked in it during summers. My family made things from sheet metal. It was light industry and I doubt you have ever heard this phrase. So I am partial to making real tangible items here in America, not China.
Me---- I have not been directly effected by our stupid traitorous free trade policies. I have been indirectly effected by them ruining this nation.
Why do you think the Federal Reserve gooses the economy with fake money bubbles to get the comatose patient out of bed? Its most due to the demise of many manufacturing sectors due to free trade.
Blame free trade for you being taxed to pay for more welfare and SS disability handouts. We had real and balanced economy back when we made more, a lot more, at home. Now our economy is too dominated by useless paper shufflers in Gov't, Wall Street, banking, housing bubbles
Blame game, blame game, blamed game. I like free trade. It makes the things I buy cheaper, makes my money go further. I don’t like having to subsidize others, either with tax money, or with higher prices.
If you are partial to making real, tangible things here in America, then make them.
I predicted it!!! I posted you would not state whether you benefit from idiotic free trade policies.
Want another chance? Go fer it!
As in do you directly benefit from free trade...
I thought I said that I like free trade because it makes the things I buy cheaper. If I didn’t, I’m saying it now.
yes!
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